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BEIJING: US President-elect Donald Trump's plan to overhaul the government with a new department headed by tech billionaire Elon Musk and Indian-origin entrepreneur Vivek Ramaswamy will be the biggest threat for China as it has to compete with far more efficient US political system, a policy advisor to the Chinese government said. China's biggest risk during Donald Trump's 2.0 would be US government overhauls driven by Musk and Ramaswamy, according to Zheng Yongnian, China's top academic and policy advisor to Beijing. "A more efficient US political system would put huge pressure on China’s current system,” Zheng, dean of the School of Public Policy at the Chinese University of Hong Kong’s Shenzhen campus, said while speaking at Baichuan Forum hosted by the Institute for International Affairs (IIA) on Saturday. “Of course, the pressure is not exclusive to China but also others, especially Europe,” he said. Trump named Musk and Ramaswamy to lead a new Department of Government Efficiency (DOGE). The duo has already planned to scrap “thousands of regulations” and reduce the size of the government workforce. Zhena said, “In the medium to long term, the greatest pressure on China may come from changes within the US.” If Trump succeeds in his efforts to overhaul the government, the US would “develop a new, more competitive system”, Zheng said, calling it a form of “state capitalism with American characteristics”. “I think we should not underestimate the institutional reforms prioritised by figures like Musk,” he warned, the Hong Kong-based South China Morning Post reported on Sunday. China is gearing up for Trump’s second term, beginning on January 20 next year, on several fronts, including his threat to impose a 60 per cent increase of tariffs on its over USD 427 billion annual exports to the US. Trump, who acted tough on China during his previous term, is expected to reinforce measures against Beijing on various global fronts, including Taiwan and the South China Sea. China asserts Taiwan as part of its mainland and claims ownership over most of the South China Sea. The Philippines, Vietnam, Malaysia, Brunei and Taiwan have counterclaims over the area. To counter tough tariff increases by the incoming Trump administration in the US, China announced new policy measures on Thursday to back its export sector against “unreasonable foreign trade restrictions” and to create a “good environment” for its exports. At the APEC Economic Leaders’ Meeting in Peru and the 20 summit in Brazil last week, Chinese President Xi Jinping during his meetings with a host of world leaders reaffirmed China’s commitment to promote “high-standard opening up” for investment and trade. As part of new measures to open up, China on Friday added nine more countries, including Japan to its unilateral visa-free entry scheme, taking the total to 38. Zhena said that to counter the US internal changes China should expand opening up countermeasures. Zheng said Trump may damage bilateral ties with tariffs but “he does not want to go to war with China”. Trump's “tariff stick” against China under his “America First” policy approach would not only “maximally” damage bilateral relations but also sabotage the international trade system, he added. However, geopolitics is more of a “tool” for Trump, according to Zheng, even though he expects him to continue to ramp up tensions around the South China Sea and the Taiwan Strait. “He does not want to go to war with China,” Zheng said, keeping in view China’s rapidly growing defence capabilities. “Fully tapping into internal growth potential is something we must do” in response to changes in the global environment, Zheng said. Zheng expects China to speed up institutional reform to support the domestic market under its “dual circulation” strategy, which also seeks to reduce reliance on the West, as well as set up a unified national market. To counter Trump's policies, Zheng has called for extending the unilateral openness by China to include US capital and citizens. “In this way, those truly isolated” would be the hardliners, Cold War advocates and anti-China factions in the US, he said. “Although competition between China and the US is inevitable, we don’t have to be too afraid. But the core of the competition, we have to realise, is who is more open than whom,” he said. “The ultimate winner will undoubtedly be (the side that is) more open,” he added. “I believe we will certainly outperform the US,” he said.
On the other end of the supply chain, nutritionists and health experts have also raised alarms about the nutritional quality of instant meal kits. While these kits may offer a quick and easy solution for meal preparation, they often contain high levels of sodium, preservatives, and other additives to enhance flavor and prolong shelf life. As a result, consumers who regularly rely on these meal kits may unknowingly be consuming excess calories, unhealthy fats, and artificial ingredients that can contribute to various health issues in the long run.As the winter transfer window approaches, all eyes will be on Manchester United and the future of Marcus Rashford. Will he stay and fight for his place in the team, or will he seek a new challenge elsewhere? Only time will tell. One thing is for certain, though – the Red Devils are bracing themselves for a turbulent period of change as they look to usher in a new era of success.
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Prospera Financial Services Inc boosted its holdings in shares of The Allstate Co. ( NYSE:ALL – Free Report ) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,389 shares of the insurance provider’s stock after purchasing an additional 194 shares during the quarter. Prospera Financial Services Inc’s holdings in Allstate were worth $453,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also made changes to their positions in ALL. SPC Financial Inc. raised its position in shares of Allstate by 3.6% during the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock valued at $297,000 after acquiring an additional 54 shares in the last quarter. Lake Street Advisors Group LLC increased its position in Allstate by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock valued at $596,000 after acquiring an additional 54 shares during the period. Abacus Planning Group Inc. raised its stake in shares of Allstate by 2.4% during the third quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock valued at $458,000 after purchasing an additional 56 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Allstate by 1.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock worth $893,000 after buying an additional 59 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. lifted its position in Allstate by 15.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 60 shares during the period. Institutional investors own 76.47% of the company’s stock. Insider Buying and Selling In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . 1.80% of the stock is owned by corporate insiders. Allstate Trading Up 0.2 % Allstate ( NYSE:ALL – Get Free Report ) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts forecast that The Allstate Co. will post 16.07 EPS for the current year. Allstate Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be paid a dividend of $0.92 per share. The ex-dividend date is Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.81%. Allstate’s dividend payout ratio is 23.83%. Wall Street Analyst Weigh In ALL has been the subject of a number of research analyst reports. Raymond James upped their price target on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. Evercore ISI lifted their price target on Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. UBS Group upped their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group raised their price target on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, BMO Capital Markets lifted their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Allstate presently has an average rating of “Moderate Buy” and an average price target of $214.19. Check Out Our Latest Analysis on Allstate About Allstate ( Free Report ) The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments. Featured Articles Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Allstate Co. ( NYSE:ALL – Free Report ). 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